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W. P. Carey Inc. Acquires EUR 38 Million Logistics Facility in Port of Rotterdam Net Leased to Nippon Express
LONDON , Feb. 12, 2015 /PRNewswire/ -- W. P. Carey Inc. (NYSE: WPC), a real estate investment trust specializing in corporate sale-leaseback financing, build-to-suit construction financing and the acquisition of single-tenant net lease properties, announced today that it has acquired a logistics facility in the Port of Rotterdam, Netherlands , for approximately €38 million. The facility is net leased to the European subsidiary of third-party logistics provider Nippon Express Co. Ltd. and was purchased from the developer, Borghese Logistics, which completed construction of the building in October 2014 .
Photo - http://photos.prnewswire.com/prnh/20150211/175001
Logo - http://photos.prnewswire.com/prnh/20130604/NY25517LOGO-b
Jeffrey Lefleur , Managing Director of W. P. Carey , said:
"The Port of Rotterdam is Europe's largest port, linking cargo ship arrivals from around the world to the road and rail networks of Europe . This transaction reflects our focus on acquiring critical, high-quality assets in strategic locations that can generate stable current income and add long-term value to W. P. Carey's portfolio."
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Europe
Dan de Belder / Emma Kent / Kashara Taylor
+44-203-772-2500
ddebelder@bellpottinger.com
US
Guy Lawrence
+1-212-308-3333
gblawrence@rosslawpr.com
Kristina McMenamin
+1-212-492-8995
kmcmenamin@wpcarey.com
Peter Sands
+1-212-492-1110
institutionalir@wpcarey.com